Elon Musk – Gloomberg News

Elon Musk says he would allow Donald Trump back on Twitter

11May

By Gloomberg NewsNo Comments

Science

Elon Musk says he would allow Donald Trump back on Twitter

Elon Musk said on Tuesday that he would allow former President Donald Trump back on Twitter if the Tesla CEO follows through with his plan to buy the social media company. Trump was permanently banned from the social media site three days after the January 6 attack on the Capitol because of "the risk of further incitement of violence." In an exclusive interview with the Financial Times at the Future of the Car conference on Tuesday, Musk was asked about Trump's potential return to Twitter. After answering with commentary about when permanent bans should be applied, Musk said that he "would reverse the permanent ban" against Trump, adding, "I don't own Twitter yet so this is not a thing that will definitely happen." Musk noted that Trump has since resorted to using the platform Trut...

10May

By Gloomberg NewsNo Comments

Science

Elon Musk says he would allow Donald Trump back on Twitter

Elon Musk said on Tuesday that he would allow former President Donald Trump back on Twitter if the Tesla CEO follows through with his plan to buy the social media company. Trump was permanently banned from the social media site three days after the January 6 attack on the Capitol because of "the risk of further incitement of violence." In an exclusive interview with the Financial Times at the Future of the Car conference on Tuesday, Musk was asked about Trump's potential return to Twitter. After answering with commentary about when permanent bans should be applied, Musk said that he "would reverse the permanent ban" against Trump, adding, "I don't own Twitter yet so this is not a thing that will definitely happen." Musk noted that Trump has since resorted to using the platform Trut...

Elon Musk offers to buy Twitter in $43 billion takeover bid

4May

By Gloomberg NewsNo Comments

Science

Elon Musk offers to buy Twitter in $43 billion takeover bid

Elon Musk is offering to buy Twitter for $43 billion, saying the social media company "needs to be transformed as a private company."The billionaire and founder of electric car maker Tesla, who earlier this month disclosed he owns a 9.2% stake in Twitter, proposed in a regulatory filing on Thursday to buy all of the company's outstanding common stock for $54.20 per share. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," he said in the filing. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form." In a statement, Twitter said it has r...

Elon Musk sells $4 billion in Tesla stock, probably to help finance his Twitter deal

4May

By Gloomberg NewsNo Comments

Business

Elon Musk sells $4 billion in Tesla stock, probably to help finance his Twitter deal

Detroit — Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13. The world's richest man, who is the CEO of Tesla, tweeted that he doesn't plan any further sales of the company's shares. He still owns just over 168 million shares in the electric carmaker, via a trust, Agence France-Presse points out. Most of the sales took place on Tuesday, when Tesla shares closed down 12%, a huge single-day drop. Analysts said Tesla investors fear Musk will be distracted by Twitter and less engaged in running the ele...

After Elon Musk bought Twitter, some stars said they’d leave the platform – and others vowed to come back

3May

By Gloomberg NewsNo Comments

Science

After Elon Musk bought Twitter, some stars said they’d leave the platform – and others vowed to come back

Elon Musk's effort to buy Twitter for $44 million yielded fruit this week, and the Tesla head revealed plans to turn the company into a haven for "free speech." The acquisition from the richest man in the world has been polarizing, with some high-profile figures weighing in. Some stars vowed to leave the platform, believing Musk will lessen the current community guidelines, allowing hateful comments on their feeds. Some people, who have violated the community guidelines in the past, hope for a new opportunity on the app. But some are staying for a different reason. High-profile users who are vowing to leaveActress and activist Jameela Jamil, who has 1 million followers on Twitter, posted shortly after Musk's acquisition of the company this week, saying it would be her last tweet. ...